{"id":1947,"date":"2021-09-27T11:12:57","date_gmt":"2021-09-27T10:12:57","guid":{"rendered":"https:\/\/new.contentdeployment.co.uk\/tomd\/?p=1947"},"modified":"2021-09-29T11:23:50","modified_gmt":"2021-09-29T10:23:50","slug":"news-in-review-23","status":"publish","type":"post","link":"https:\/\/new.contentdeployment.co.uk\/tomd\/2021\/09\/27\/news-in-review-23\/","title":{"rendered":"Pension savers enticed by \u2018risky\u2019 investments"},"content":{"rendered":"<div class=\"hd-block hd-block-paragraph\">\n<p><strong>At a time where it is becoming\nharder to save up adequate sums for retirement, a new study shows that the UK\u2019s\nlow interest rate environment is causing retirees to turn to riskier pension\nand investment products which could potentially lose them a significant sum.<\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong>Risky business<\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>A poll from the Financial Services\nCompensation Scheme (FSCS), shows that one in five people aged between 55 and\n75 have been tempted to invest in riskier products than those they would\nordinarily be comfortable with, lured by a higher rate of return. And,\nsurprisingly, less than one in eight had taken financial advice to explore alternative\noptions for making the most of their cash.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong><em>\u201cLife-changing\u201d<\/em> losses<\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>This has resulted in a rising\nnumber of people seeking compensation under the FSCS arrangements, said Chief\nExecutive Caroline Rainbird. She continued, <em>\u201cThe real danger is that if\nconsumers choose to put money into high-interest pension and investment\nproducts that are not FSCS protected, they could lose life-changing sums of money\nfrom their retirement pots if the product provider fails.\u201d<\/em><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>Professional advice is key The\nFSCS survey is yet another example of research vividly highlighting the\nimportance of seeking professional financial advice before investing in\nlittle-known products. Advice helps investors explore and understand the risks\nbefore taking the plunge and putting their hard-earned money at risk. Whether\nyou\u2019re approaching retirement or have already retired, we can assist you in\nmaximising your savings whilst minimising the risk.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong><em>The value\nof investments and income from them may go down. You may not get back the\noriginal amount invested. A pension is a long-term investment. The fund value\nmay fluctuate and can go down. Your eventual income may depend on the size of\nthe fund at retirement, future interest rates and tax legislation.<\/em><\/strong><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>At a time where it is becoming harder to save up adequate sums for retirement, a new study shows that the UK\u2019s low interest rate environment is causing retirees to turn to riskier pension and investment products which could potentially lose them a significant sum. Risky business A poll from the Financial Services Compensation Scheme [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":1951,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,89,88],"tags":[],"hd_content_source":[],"_links":{"self":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/1947"}],"collection":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/comments?post=1947"}],"version-history":[{"count":4,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/1947\/revisions"}],"predecessor-version":[{"id":1952,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/1947\/revisions\/1952"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media\/1951"}],"wp:attachment":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media?parent=1947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/categories?post=1947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/tags?post=1947"},{"taxonomy":"hd_content_source","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/hd_content_source?post=1947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}